Dodge House Portfolio

Mishawaka, IN and South Bend, IN

The Historical Dodge House Portfolio Includes 4 Properties

Property Snapshot

  • Building: 11,470 Total SF
  • Occupancy: 100%
  • Available Space: 815 Elm Street in Mishawaka 125 W. 10th Street in Mishawaka 512 Rush Street in South Bend
  • Zoning: Dodge House - C-3, 815 Elm Street - R-I, 512 Rush Street - R-2, 125 W 10th Street - R-I
  • Parking: 15 on-site spaces at Dodge House, 2 Private driveways and on-street parking at Elm Street with a Garage in the rear off the Alley.
  • CAP Rate: 9.25%
  • NOI: $53,700
  • List Price: $529,000
  • Notes: Rental Income: $79,980

Property Details

The original Dodge House was built in 1931 by the Dodge brothers. Originally designed for an assisted living facility, the property was converted into 5 apartment units and is ADA accessible. The interior as the original design and character It is in phenomenal condition inclusive of a fireplace and 8’ decorative skylight in an open concept Family Room/Kitchen. This Italianate-style property is a registered historical landmark and a distinct contributor to the historical landscape in CBD of Mishawaka.

Also included in sale:
815 Elm Street, Mishawaka - Fully occupied duplex a block from Battell Elementary School. This property includes an upper 2 bedroom apartment that is fully rehabbed including all new electric, Pex water lines, new waste pipes, all new kitchen, appliances, hardwood floors and carpet. Lower unit is an occupied 3 bedroom apartment that is updated and repainted.

125 West 10th Street, Mishawaka - Fully occupied single family home with same tenant for 3 years. The interior was stripped to the studs and has all new electric, plumbing as well as a new full and half bath. New carpet, drywall and appliances.

512 Rush Street, South Bend - This is a 5 bedroom, 2 bath home that is being sold on a land contract. Home is in fantastic condition and occupant pays 6% interest on a current balance of approximately $31,000. This property has been under a land contract for 3 years and pays every month while also investing over $20,000 in upgrades.

The property is owned in part by a licensed real estate agent in the state of Indiana.

For More Information Please Contact

Chris Fielding
Chief Operating Officer
574.485.1503
chrisfielding@cressyandeverett.com